Snap Inc [SNAP] stock is trading at $11.05, down -0.72%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SNAP shares have gain 5.44% over the last week, with a monthly amount glided 16.07%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Snap Inc [NYSE: SNAP] stock has seen the most recent analyst activity on September 20, 2024, when B. Riley Securities initiated its Neutral rating and assigned the stock a price target of $11. Previously, Cantor Fitzgerald started tracking the stock with Neutral rating on September 05, 2024, and set its price target to $8. On August 02, 2024, downgrade downgraded it’s rating to Hold. Morgan Stanley upgraded its rating to a Equal-Weight and increased its price target to $16 on July 23, 2024. Wolfe Research initiated its recommendation with a Peer Perform. HSBC Securities upgraded its rating to Buy for this stock on April 26, 2024. In a note dated January 17, 2024, Piper Sandler reiterated an Neutral rating on this stock and boosted its target price from $12 to $17.
Snap Inc [SNAP] stock has fluctuated between $8.29 and $17.90 over the past year. Currently, Wall Street analysts expect the stock to reach $28.73 within the next 12 months. Snap Inc [NYSE: SNAP] shares were valued at $11.05 at the most recent close of the market. An investor can expect a potential return of 160.0% based on the average SNAP price forecast.
Analyzing the SNAP fundamentals
Snap Inc [NYSE:SNAP] reported sales of 4.98B for the trailing twelve months, which represents a growth of 15.84%. Gross Profit Margin for this corporation currently stands at 0.51% with Operating Profit Margin at -0.24%, Pretax Profit Margin comes in at -0.23%, and Net Profit Margin reading is -0.23%. To continue investigating profitability, this company’s Return on Assets is posted at -0.16, Equity is -0.51 and Total Capital is -0.19. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.77.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 10.87 points at the first support level, and at 10.70 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.21, and for the 2nd resistance point, it is at 11.38.
Ratios To Look Out For
For context, Snap Inc’s Current Ratio is 3.98. Also, the Quick Ratio is 3.98, while the Cash Ratio stands at 0.95. Considering the valuation of this stock, the price to sales ratio is 3.68, the price to book ratio is 8.84.
Transactions by insiders
Recent insider trading involved O’Sullivan Michael J., General Counsel, that happened on Sep 30 ’24 when 18000.0 shares were sold. Officer, Michael O’Sullivan Living Trus completed a deal on Sep 30 ’24 to buy 18000.0 shares. Meanwhile, Chief Financial Officer Andersen Derek sold 97608.0 shares on Sep 16 ’24.
